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NSK Ltd Announces Surcharge Payment to the United States Department of Justice; Announces Extraordinary Loss for Q2 of FY 2014

Thursday, 26 Sep 2013 06:30pm EDT 

NSK Ltd announced that it has made a plea bargaining agreement with the United States Department of Justice and will pay a surcharge of USD 68.20 million to the United States Department of Justice, due to the violation of the Unites States antitrust law in the trading of bearing products, by the Company. As a result, the Company will record a USD 68.20 million extraordinary loss on the surcharge payment, for the second quarter of the fiscal year ending March 2014.